The International Monetary Fund (IMF) has said that the world economy will grow much more slowly in the next two years as a result of the credit crunch.
In its latest economic forecast, the IMF says that world economic growth will slow to 3.7% in 2008 and 2009, 1.25% lower than growth in 2007.
So folks, do start saving up some $$$ for the rainy season ahead of us, this is expected to last till' 2009.
For more details, head over to www.bbcnews.com
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